US Crude Oil and Petroleum Inventory Rose as Oil Prices Picked Up

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +19.93 mmb to 1373.89 mmb in the week ended December 9. Crude oil inventory rose 15.19 mmb (consensus: -1.42 mmb) to 503.23 mmb. Stockpile increased in 4 out of 5 PADDs. PADD 3 (Gulf [&#8230;]</p>
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